Blocksquare and Vera Capital are opening up access to U.S. real estate investments for global investors, planning to tokenize commercial and multifamily real estate valued at $1 billion.
Blocksquare, a company specializing in real estate tokenization infrastructure, and Vera Capital, a subsidiary of Vera Group, announced an agreement under which commercial and multifamily real estate worth $1 billion will be tokenized in the U.S.
Founded in 2012, Vera Group manages more than $100 million in real estate assets, including Vera Capital, a real estate agency in South Florida, a property management company, and an investment fund.
Blocksquare provides scalable, compliant solutions for real estate tokenization. According to the company, its infrastructure has tokenized around 150 properties across 28 countries, totaling over $145 million.
The partnership began with a successful campaign on the Oceanpoint RWA Launchpad marketplace, where Vera Capital raised over 100,000 BST tokens from the community in just one hour. As a result of the campaign, Vera Capital gained free access to Blocksquare’s tech stack to launch and scale its real estate tokenization operations.
Vera Capital plans to launch its own digital platform based on Blocksquare technology in the coming weeks, offering global investors the opportunity to purchase tokenized shares in U.S. institutional-level real estate. The platform will lower the entry barrier for investors and increase the liquidity of the commercial real estate market.
The first property tokenized under the agreement was a $5.4 million commercial real estate in Fort Lauderdale, offering a 5% annual yield and renovation potential.
Real estate tokenization initiatives launched in Japan , Nigeria , the UAE , and other countries. Analysts are discussing the potential of blockchain technology in the commercial real estate market since 2022.
